Payment Methods

Before any sort of sports bet can be placed online, customers must select their preferred payment method.

Dozens of different payment methods are used by bookmakers in the UK, Ireland, America, Australia and all corners of the globe. Since the introduction of cryptocurrency, the range of different payment methods has increased further and betting with crypto is rapidly increasing in popularity.

Most bookmakers offer a healthy range of payment options. Some refused to accept cryptocurrency. Some specialise in crypto betting, and there are those who accept both traditional and crypto payment options.

On this page, you'll find our guides to all of the payment methods that can be found on online betting websites. Whether you’re looking to pay via PayPal in Portugal, seeking to use Skrill in Scandinavia, or banking on betting with Bitcoin in Brazil, we’ll tell you about the payment methods available to you based on the available betting sites in your country!

Depending on where you live, betting sites can impose transaction fees on selected payment methods - meaning that a particular payment method may be preferable to another, due to that bookmaker not charging you a withdrawal fee. You’ll find information on the deposit and withdrawal options, along with the time it takes for each bookmaker to process your withdrawal, here on this page...

Despite the rise in the popularity of cryptocurrency, more traditional payment methods are still preferred by most sports bettors around the world.

Credit and debit card betting is still the most popular payment method. The best online betting sites will allow users to deposit and withdraw funds via their chosen payment method and even switch between different payment options if they want to.

Back in 2020, the UK stopped bettors from using credit cards to deposit funds into their betting accounts. If similar changes to regulations are made in any country around the world, you'll hear about it first on our website.

Debit and credit cards remain, undoubtedly, the most popular payment method with sports bettors all over the world.

Depositing and withdrawing funds by a debit card, or where permitted a credit card, is quick and easy and, in the majority of cases, this method will not require you to pay an additional fee. 

Withdrawal times vary from brand to brand. You may have your winnings at some of the best betting sites back on your card within just a few minutes. Others may take up to 24 hours, or even longer to process your withdrawal.

Betting sites will (or at least should) remind you to never share your card details. You’ll never be asked to reveal your PIN code. Once your details are on file, all that is needed to deposit funds is the three-digit CVV number from the back of your card, along with the password you use for your betting account.

Some bonus types that are made available to you by a bookmaker may require you to deposit using a particular payment method. For example, a new customer welcome bonus may only apply to customers who deposit via a credit or debit card. Other payment methods are becoming increasingly popular, but some betting sites may require you to deposit using a card in order to claim any free bets.

Since its creation in 2009, Bitcoin has been a cryptocurrency that has quickly established itself as a popular payment method. 

A decentralized digital currency without a central bank, Bitcoin operates on the peer-to-peer Bitcoin network. This cryptocurrency has recently found itself becoming more and more popular as a payment method with betting sites.

Bitcoin is popular with some punters due to its high levels of security. It's also popular due to its fast processing times and it's no surprise to see Bitcoin-exclusive bookies gaining popularity in Europe, North America and other corners of the globe.

Some new betting sites are starting to accept Bitcoin and other similar cryptocurrencies. If you’re looking to find out which bookmakers accept Bitcoin, you'll love reading our guides to all the available crypto bookmakers around the world.

Here's a list of the most commonly used cryptocurrencies on online betting websites...

Betting using E-Wallets is becoming more and more popular. People all over the world use E-Wallets for their online shopping, and now you can withdraw and deposit funds in your online betting accounts using your preferred E-Wallet.

The most commonly used E-Wallet is PayPal. A large number of betting sites now accept PayPal as a deposit method. Betfair was the first betting site in Europe to use PayPal, which led to other UK betting sites soon beginning to offer the online payment system for both deposits and withdrawals.

Now, numerous betting sites throughout Europe use PayPal. It is the preferred choice for many punters - due partly to how it offers a quick and secure way to deposit funds into your betting account. PayPal is one of the quickest payment options when it comes to withdrawal times. Many top betting sites process withdrawals via PayPal in less than an hour!

Along with PayPal, there are three other online E-Wallets that bettors are using as payment options - Neteller, Skrill and Paysafecard.

Skrill and Neteller are both part of the Paysafe brand. Paysafe is based in the Isle of Man and regulated in the United Kingdom, with the online payments company also offering the Paysafecard.

Neteller was created in 1999 and began processing online gambling payments the following year. The vast majority of the firm's revenue at that time, a figure which was rumoured to be around the 95% mark, was linked to transfers involving online gaming firms.

Many Neteller bettors are residents of the United States. Neteller has recently looked to move away from the US, restricting accounts of users in the country. 

Today, the e-money service is a massively popular payment method for customers of online betting sites. However, legal issues mean that customers in a large number of countries are not allowed to use Neteller when depositing at a betting site.

Formerly known as Moneybookers, Skrill is another popular e-wallet that can be used by many online bookmakers. Several emerging betting sites are identifying Skrill as their preferred payment option.

Skrill allows you to make both deposits and withdrawals to and from your betting account. No additional charges are put to customers who use this e-wallet.

Due to its simplicity and efficiency, many punters are starting to use Paysafecard as their chosen payment method.

The paysafecard provides you with a prepaid online payment method via a voucher code made up of 16 numbers. A voucher code can be purchased at many shops. 

When you enter this 16-digit code at a betting site, your betting account will be credited with the same amount you spent on the Paysafecard.

The paysafecard voucher codes cannot be passed by telephone and are ideal for punters who want to keep a close eye on their spending, without using a credit or debit card. There are, however, restrictions on this payment method to withdraw any winnings. Users can only withdraw money to a bank account.

Here's a list of other e-wallet payment sites that are becoming popular with only bettors...

Many online betting sites allow you to deposit via Bank Transfer. Most also accept deposits made through specialist banking services and payment service providers that enable you to quickly transfer money into your online betting account.

On RacingInsider.com, we have guides to the betting sites operating in your country where you can use such services to fund your betting account.

From Apple Pay to Zimpler, sports punters around the world are now funding their online betting accounts using their mobile phones or voucher codes.

We'll publish guides to the betting sites operating in your country where such payment options are available.